Stocks · Real Estate · REIT - Office
Net Lease Office Properties NLOP
$9.76 +0.21% Close, Oct 2, 2026 · NYSE · Market cap $144.6M
High qualityWeak trend
Next earnings report: Nov 6, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- Operating margin widened to 30.8% from 21.3% a year earlier.
- Over the past year the stock returned -66.9%, behind the S&P 500 by 82.0 percentage points.
- The stock is 67% below its highest close of the past year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 4%
- FCF growth (TTM, YoY)Bottom 33%
- Revenue growth, 3-year CAGRBottom 8%
- Revenue growth accelerationBottom 12%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 8%
- Gross marginBottom 3%
- Operating marginTop 38%
- Accruals (lower is better)Top 2%
- Interest coverTop 2%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldBottom 6%
- Free-cash-flow yieldTop 5%
- EBITDA / enterprise valueBottom 3%
- Sales / enterprise valueTop 7%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 3%
- 6-month returnBottom 22%
- 1-year return vs S&P 500Bottom 4%
- Distance from 52-week highBottom 4%
- Trend checklist (0–4)Bottom 22%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Upside to consensus price targetTop 1%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 44%
- Maximum drawdown, 3 yearsBottom 8%
- Beta vs S&P 500 (lower is better)Top 22%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | -21.4% | -34.2% | ↓ |
| Gross margin | 64.4% | -26.3% | ↓ |
| Operating margin | 21.3% | 30.8% | ↑ |
| FCF margin | 54.4% | 60.7% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | -34.2% | -21.4% | ↓ | Bottom 4% |
| Gross margin | -26.3% | 64.4% | ↓ | Bottom 3% |
| Operating margin | 30.8% | 21.3% | ↑ | Top 38% |
| Net margin | -58.7% | -133.6% | ↑ | — |
| Free-cash-flow margin | 60.7% | 54.4% | ↑ | — |
| Return on invested capital | 31.4% | — | Top 8% | |
| Revenue growth, 3-year CAGR | -8.7% | — | Bottom 8% |
Quality of earnings and balance sheet
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -46.6%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 0.0%
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- Net cash
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 9.2×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 155.23%
- Net buyback yield (TTM)
- 0.00%
- Shareholder yield
- 155.23%
- Share count change, 1 year
- +0.0%
- Share count change, 3-year CAGR
- +1.3%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Aug 5, 2026).
Earnings and expectations
Earnings momentum
- Average 2-day reaction, last 8
- +0.8%
- Positive 20 days after report
- 3 of 8
Analysts
- Consensus price target
- $73.00
- Target vs current price
- +648.0%
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Aug 5, 2026 | — | -0.5% | -3.6% | -6.3% | — |
| May 7, 2026 | — | +1.3% | -8.3% | -7.4% | -7.0% |
| Feb 25, 2026 | — | +2.0% | +7.5% | +8.0% | -15.1% |
| Nov 7, 2025 | — | +0.7% | +1.1% | -14.3% | -34.7% |
| Aug 6, 2025 | — | -0.5% | +1.2% | -12.0% | -13.7% |
| May 8, 2025 | — | +1.3% | -0.3% | +3.9% | +11.3% |
| Feb 27, 2025 | — | -0.1% | +0.9% | -2.7% | -2.9% |
| Nov 6, 2024 | — | +2.5% | +3.4% | +4.5% | +3.9% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Aug 5, 2026 | -$0.42 | — | — | $6.4M |
| May 7, 2026 | $1.69 | — | — | $9.4M |
| Feb 25, 2026 | -$0.00 | — | — | $31.8M |
| Nov 7, 2025 | -$4.33 | — | — | $29.8M |
| Aug 6, 2025 | -$5.50 | — | — | $29.2M |
| May 8, 2025 | $0.03 | — | — | $29.2M |
| Feb 27, 2025 | -$2.42 | — | — | $27.7M |
| Nov 6, 2024 | -$2.73 | — | — | $31.5M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| EV / Sales | 1.85× | — | — | Top 7% |
| Free-cash-flow yield | 32.48% | — | — | Top 5% |
| Earnings yield | -31.39% | — | — | Bottom 6% |
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✗ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.1%
- 200-day average slope (20 days)
- -11.1%
- Distance from 50-day average
- -12.3%
- Distance from 200-day average
- -30.2%
- RSI (14)
- 21.7
- Relative volume
- 1.57×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 22.5%
- Volatility vs own 5-year history
- 12th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.31
- Correlation with S&P 500
- 0.12
- Current drawdown from 1-year high
- -67.5%
- Maximum drawdown, 3 years
- -71.3%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Jul 16, 2025 | Oct 1, 2026 | -71.3% | 305 days | Not yet recovered |
| Oct 27, 2023 | Nov 2, 2023 | -46.0% | 4 days | 23 days (Dec 6, 2023) |
| Dec 12, 2023 | Dec 20, 2023 | -20.4% | 6 days | 15 days (Jan 12, 2024) |
| Feb 19, 2025 | Apr 11, 2025 | -19.2% | 37 days | 47 days (Jun 20, 2025) |
| Feb 20, 2024 | Apr 17, 2024 | -18.3% | 40 days | 66 days (Jul 23, 2024) |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $144.6M
- EPS, diluted (TTM)
- -$3.06
- Revenue (TTM)
- $77.3M
- Dividend yield
- 197.23%
- 52-week range
- $9.60 – $30.26
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $147.9M | $156.2M | $175.0M | $142.2M | $118.9M |
| Gross profit | $117.8M | $124.2M | $137.1M | $98.6M | $83.3M |
| Operating income | $48.9M | $43.1M | $40.1M | $34.4M | $35.3M |
| Net income | $1.4M | $15.8M | -$131.7M | -$91.5M | -$145.3M |
| EPS (diluted) | $1.73 | $1.11 | -$9.00 | -$6.18 | -$9.81 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $31.5M | $27.7M | $29.2M | $29.2M | $29.8M | $31.8M | $9.4M | $6.4M |
| Net income | -$40.3M | -$35.8M | $492,000 | -$81.5M | -$64.2M | -$53,000 | $25.0M | -$6.2M |
| EPS (diluted) | -$2.73 | -$2.42 | $0.03 | -$5.50 | -$4.33 | -$0.00 | $1.69 | -$0.42 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $75.3M | $84.3M | $71.0M | $71.9M | $64.1M |
| Capital expenditure | -$4.2M | -$4.7M | -$11.2M | $0 | -$4.0M |
| Free cash flow | $71.2M | $79.6M | $59.8M | $71.9M | $60.1M |
| Dividends paid | $0 | $0 | $0 | -$1.1M | -$106.7M |
| Net share buybacks | $0 | $0 | $0 | $0 | $0 |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $23.7M
- Total assets
- $200.9M
- Total liabilities
- $33.2M
- Total debt
- $21.9M
- Net debt
- -$1.8M
- Shareholders’ equity
- $163.8M
As of Jun 30, 2026 (filed Aug 5, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Mar 30, 2026 | $3.30 | Apr 14, 2026 |
| Feb 18, 2026 | $6.75 | — |
| Jan 2, 2026 | $5.10 | Jan 20, 2026 |
| Dec 4, 2025 | $4.10 | Dec 19, 2025 |
| Aug 18, 2025 | $3.10 | Sep 3, 2025 |
| Dec 15, 2023 | $0.34 | Jan 29, 2024 |
Short interest
- Shares sold short
- 912,145
- Days to cover
- 6.26
- Change vs previous report
- +9.1%
FINRA short interest, settlement date Sep 15, 2026.